Tuesday 8 December 2021
$MDB gapped back above the 50 day MA yesterday on earnings results. Attempting to hold the gap up today. Watching for a follow through move.
$RBLX still in focus & has held up well during the recent volatility with intraday Stage 4 breakdown attempt failing and reversing back into the range forming a Spring and Test, of which it's attempting to follow through today. So potentially returning back to intraday Stage 1.
$CARS highlighted multiple times since its Significant Bar (SB) Stage 2 breakout on 26th Nov and a great example of a Sign of Strength (SOS) rally and Backup (BU) following that and how they formed relative to the SB and prior range.
Continuing on to new highs in early Stage 2.
My tester trade in $OKTA from 2 Dec is starting to make some progress (+11%) and survived the initial spring test with a higher low.
It is currently testing the 200 day MA & 50 day MA, so I'm raising my stop loss to BE + a higher alert at yesterdays low
https://twitter.com/Stage_Analysis/statu...4752098304
$LOVE recovering its 200 day and 50 day MAs today with a Significant Bar from better than expected earnings results.
$PLAB with a gap up Significant Bar following earnings results on its largest daily volume since 2019
$QCOM from the watchlist with tight price action today on 65% below average daily volume.
A bit of progressive exposure for me, as I entered $QCOM in the final 5 mins of the day on its low volume inside day. I've been stalking it for a while as its made it into the watchlist 4 times in the last month & shown good RS through the correction to date. So trying it.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.